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Obamacare New Taxes Affordable Care Act New Taxes(Scroll down to bottom of page for list)

Affordable Care Act is a Tax

While campaigning President Obama promised over and over again that people making under $250k a year would not be subject to any tax increases if he was elected. Obamacare is the largest tax increase in the history of the United States. The tax hikes don't go into effect until January 2013 and they keep increasing until 2016. Obama is hoping to be re-elected before the tax hike initiates.

Strange Health Care Tax Provisions

June 28/2012 - The Supreme Court upheld Obamacare on an entirely different provision that didn't get a lot of attention during the argument. The ruling say's that Congress has the power to pass this requirement to require people to pay a penalty if they do not have health insurance under their taxing power.

The historic 5-4 decision will affect the way Americans receive and pay for their personal medical care. It upholds the individual mandate that most Americans get health insurance or pay a penalty -- and it was the penalty, or tax, that ultimately saved the law.

Chief Justice John Roberts announced the decision that allows the law to go forward with its aim of covering more than 30 million uninsured Americans. He argued that the mandate is constitutional only because the penalty "functions like a tax" and is therefore allowed under Congress' taxing power.

"Because the Constitution permits such a tax, it is not our role to forbid it, or to pass upon its wisdom or fairness," wrote Roberts.

What the Health Ruling Means for Consumers

06/28/12 Wall Street Journal video - What changes can consumers and insurers expect to see in the wake of the Supreme Court's health ruling?

Supreme Court Finds Fault With Medicaid Expansion

06/28/12 - The Supreme Court found one part of the health-care law unconstitutional, saying its expansion of the federal-state Medicaid program threatened states' existing funding.

Obamacare's Impact on Doctors

06/28/12 - Dr. Martha Boone, an Atlanta urologist, explains the consequences of the new health care law. Because of her fears about Obamacare, Boone moved to a less-expensive office so she could avoid dropping Medicare patients or laying off an employee.

Obamacare's Impact on Doctors

Obamacare's Hidden TaxesObamacare for Dummies

June, 28, 2012Taxation: The high bench has confirmed that ObamaCare's individual mandate is a massive tax on the American middle class. But let's not forget the 20 other new taxes that are embedded in the law.Though President Obama never sold it as a tax hike, the Supreme Court ruled the mandate is exactly that. Unfortunately, the majority argued it's legal under Congress' taxing authority.Forcing citizens to buy health insurance "is absolutely not a tax increase," Obama insisted in 2009. Earlier, he assured the public that raising taxes on the middle class to support his health care plan was "the last thing we need in an economy like this." "Folks are already having a tough enough time," Obama added.Indeed they are. But his plan, which subsidizes some 30 million uninsured, amounts to a $1.8 trillion whammy on working families. And that's just for starters.The court was silent about the 20 other different taxes hidden in ObamaCare, more than half of which affect families earning less than $250,000 a year.The new taxes, which cost some $675 billion over the next decade, include:• A 2.3% excise tax on U.S. sales of medical devices that's already devastating the medical supply industry and its workforce. The levy is a $20 billion blow to an industry that employs roughly 400,000.Several major manufacturers have been roiled, including: Michigan-based Stryker Corp., which blames the tax for 1,000 layoffs; Indiana-based Zimmer Corp., which cites the tax in laying off 450 and taking a $50 million charge against earnings; Indiana-based Cook Medical Inc., which has scrubbed plans to open a U.S. factory; Minnesota-based Medtronic Inc., which expects an annual charge against earnings of $175 million, and Boston Scientific Corp., which has opted to open plants in tax-friendlier Ireland and China to help offset a $100 million charge against earnings.

• A 3.8% surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000.• A $50,000 excise tax on charitable hospitals that fail to meet new "community health assessment needs," "financial assistance" and other rules set by the Health and Human Services Dept.• A $24 billion tax on the paper industry to control a pollutant known as black liquor.• A $2.3 billion-a-year tax on drug companies.• A 10% excise tax on indoor tanning salons.• An $87 billion hike in Medicare payroll taxes for employees, as well as the self-employed.

• A hike in the threshold for writing off medical expenses to 10% of adjusted gross income from 7.5%.• A new cap on flexible spending accounts of $2,500 a year.• Elimination of the tax deduction for employer-provided prescription drug coverage for Medicare recipients.• An income surtax of 1% of adjusted gross income, rising to 2.5% by 2016, on individuals who refuse to go along with ObamaCare by buying a policy not OK'd by the government.• A $2,000 tax charged to employers with 50 or more workers for every full-time worker not offered health coverage.• A $60 billion tax on health insurers.• A 40% excise tax on so-called Cadillac, or higher cost, health insurance plans.All told, there are 21 new or higher taxes imposed by Obama's health care law — and 21 more reasons to repeal it.This article appeared on the Investors.com website on June, 28, 2012

Full List of Obamacare Tax Hike | Affordable Care Act Tax Hike

Obamacare law contains 20 new or higher taxes on American families and small businesses.

27 States Suing the US Government over the Affordable Care Act - Obamacare

This map highlights which U.S. States are suing the United States Federal Government over the Patient Protection and Affordable Care Act. In total, 27 states have started or joined in a lawsuit against Obamacare.